In wake of some IPO's tomorrow, we may see some engineered gap up in the morning.
The final hour action is definitely indicating preparations for the same.
DOW is in the process of tracing wave (v) and the SPX wave (iii).
Looks like we got an abc flat for wave (ii).
The wave pattern I am looking for in SPX, has developed very well in DOW :)
The next high could very well be the top in the DOW.
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